Twitter announces mass layoffs amid Elon Musk crisis reports

San Francisco-based social media tech titan Twitter laid off nearly a third of its recruiting team staff on Thursday afternoon, a staff cut that coincides with a new round of rebukes from Elon Musk regarding corporate spam bot data.

As first reported by TechCrunch and confirmed by SFGATE, 30% of the company’s talent acquisition division has been laid off – although a spokesperson declined to provide details on the number of employees. concerned and their severance pay.

A company spokesperson told SFGATE that the layoffs are a way for the company to refocus its business needs during a lean period. As the wider tech industry experiences intense headwinds, Twitter has already announced a hiring pause in May, with some key exceptions for “critical” positions.

The social media platform has also suffered a rapid boost within its executive ranks in recent months, with two Twitter executives reportedly asked by CEO Parag Agrawal to leave the company in May, just months after been promoted. (One of the executives, general manager of consumer products Kayvon Beykpour, left the company while on paternity leave.)

There’s also the looming problem of Musk, the mercurial titan Tesla and SpaceX whose $44 billion takeover plan has reportedly gone sour amid repeated (though unverified) complaints about the presence of bots on the platform. form, according to a Washington Post report on Thursday.

Long story short, Musk has publicly expressed concern about the percentage of spambots on Twitter and the company misrepresenting the service’s numbers – a claim that has been repeatedly denied by the company itself, including earlier. Thursday. Besides, as many analysts pointed out the deal is still set in stone despite Musk’s seemingly cold feet – and he’ll likely have to pay a minimum of $1 billion if he backs out of the deal.

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